T1 Energy (TE) Research & Development (2023 - 2024)
T1 Energy's (TE) quarterly Research & Development came in at $8.6 million in Q3 2024, up 21.59% on a YoY basis from $7.1 million in Q4 2023, and down 17.89% quarter-over-quarter from $10.5 million in Q2 2024.
Analysis
T1 Energy (TE) Research & Development (2023 - 2024) Analysis & Trends
T1 Energy (TE) has reported Research & Development for 2 consecutive years, with $8.6 million the latest figure, recorded in Q3 2024.
- For the quarter ending Q3 2024, Research & Development rose 21.59% year-over-year to $8.6 million; the trailing twelve-month figure through Sep 2024 stood at $41.0 million (changed N/A YoY), and the FY2023 full-year result was $28.5 million, up 109.64% from the prior year.
- Research & Development eased to $8.6 million in Q3 2024 per TE's latest filing, from $10.5 million in the prior quarter.
- Across five years, Research & Development topped out at $11.7 million in Q1 2024 and bottomed at $4.8 million in Q1 2023.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.28 Bn | 20.55 Bn | 605.00 Mn | 76.24 Mn |
| 2 | Nextpower | 12.21 Bn | 11.00 Bn | 335.85 Mn | 44.51 Mn |
| 3 | Enphase Energy | 4.89 Bn | 3.95 Bn | 175.01 Mn | 45.66 Mn |
| 4 | Solaredge Technologies | 2.05 Bn | 1.47 Bn | 95.15 Mn | 52.75 Mn |
| 5 | T1 Energy | 1.32 Bn | 1.10 Bn | 49.10 Mn | - |
| 6 | Shoals Technologies | 1.17 Bn | 1.15 Bn | 49.53 Mn | - |
| 7 | Canadian Solar | 873.10 Mn | -593.41 Mn | 168.48 Mn | 20.80 Mn |
| 8 | Array Technologies | 692.40 Mn | 385.10 Mn | 99.60 Mn | - |
| 9 | JinkoSolar Holding | 612.73 Mn | -2.07 Bn | 75.62 Mn | -34.10 Mn |
| 10 | Toyo | 132.44 Mn | 22.39 Mn | 36.97 Mn | -1.56 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2024 | 8.62 Mn |
| Jun 30, 2024 | 10.49 Mn |
| Mar 31, 2024 | 11.75 Mn |
| Dec 31, 2023 | 10.16 Mn |
| Sep 30, 2023 | 7.09 Mn |
| Jun 30, 2023 | 6.37 Mn |
| Mar 31, 2023 | 4.84 Mn |